Quantbot Technologies LP acquired a new position in Prudential plc (NYSE:PUK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,954 shares of the financial services provider's stock, valued at approximately $382,000.
Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Prudential by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,107 shares of the financial services provider's stock worth $1,059,000 after purchasing an additional 2,455 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Prudential in the 3rd quarter worth about $788,000. HighTower Advisors LLC raised its position in shares of Prudential by 98.2% during the 3rd quarter. HighTower Advisors LLC now owns 40,722 shares of the financial services provider's stock valued at $758,000 after buying an additional 20,180 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Prudential in the 3rd quarter valued at about $1,281,000. Finally, Quantinno Capital Management LP grew its position in Prudential by 21.2% in the third quarter. Quantinno Capital Management LP now owns 206,157 shares of the financial services provider's stock worth $3,822,000 after acquiring an additional 36,087 shares in the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.
Prudential Stock Performance
PUK stock traded up $0.28 during mid-day trading on Wednesday, reaching $21.85. 615,806 shares of the stock traded hands, compared to its average volume of 1,013,295. Prudential plc has a one year low of $14.39 and a one year high of $22.01. The stock has a market capitalization of $28.75 billion, a PE ratio of 9.42, a PEG ratio of 0.41 and a beta of 1.21. The business has a 50-day moving average price of $18.71 and a two-hundred day moving average price of $17.33.
Prudential Increases Dividend
The company also recently declared a dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, March 28th will be paid a dividend of $0.3258 per share. The ex-dividend date is Friday, March 28th. This is a boost from Prudential's previous dividend of $0.24. Prudential's payout ratio is currently 28.02%.
Analyst Ratings Changes
Separately, StockNews.com raised Prudential from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd.
Get Our Latest Report on Prudential
Prudential Profile
(
Free Report)
Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.
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